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20121205
20121213
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now it is the president, speaker boehner, and perhaps mcconnell and perhaps pelosi but right now --. >>neil: the best-case-scenario we hear, senator, is republicans agree to hike the taxes depending on the details with a promise they will address spending next year. republicans argue they have been that way before. >>guest: i have bench front property in arizona if you would accept that deal. >>neil: you would not? >>guest: no, i would not. >>neil: you want to see the cuts now? >>guest: in 1986 ronald reagan sat down with the democrats. they had a deal. that was cut spending for $3 for every dollar they raise in taxes. guess what? they raised the taxes and never cut the spending. there is reason for us to be cautious about that. there has to be a way through this. maybe it will take the market starting to send a signal and people taking actions in anticipation of this raising of the taxes. do you know an economist that doesn't believe we will not go into a recession. >>neil: the markets do not lately seem to be too worried. do you think no deal is better than a bad deal? >>guest:
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